May 18, 2010 (M2 PRESSWIRE via COMTEX) -- Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on Nitro Petroleum Inc. (OTCBB: NTRO). The Company recently released news as follows:
Nitro Petroleum Inc. (OTCBB: NTRO) reported Friday that the Ward-McNeil well located in Section 27, T3N, R1W, Garvin County, Oklahoma is now ready for a fracture treatment. Nitro is the Operator on this project and their Geologist has identified a potential pay zone in the Viola Limestone formation. Previously, the well had been perforated and produced oil in the Lower Layton Sand sequence and the Viola Detrital. The well lies just on the north side of a North-Southwest trending fault with occasional closed anticlines lying on the north boundary of the fault which is the same scenario for the Ward-McNeil # 1 well. The company believes that this well is located in the same favorable position as the Ward-McNeil # 1 as this well had substantial production from Viola Limestone just to the North West. Services are now being scheduled and should be completed within approximately 30 days. Nitro will report on the progress on completion shortly.
About Nitro Petroleum: Nitro Petroleum Incorporated is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. Nitro's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, Nitro aims to define larger projects that can be developed with Joint Venture partners. More information about the company is available at www.nitropetroleuminc.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. We do not intend to, and undertake no duty to, update any such forward looking statements to reflect the impact of circumstances or events that arise after the date such forward looking statements were made.
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